Stocks are pricey

August 9, 2023 4:52 pm by CWR

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Source: @EconguyRosie

— Genevieve Roch-Decter, CFA (@GRDecter) August 9, 2023

2/ The U.S. equity market shifts in weight over time

Stocks excelling in performance inevitably grow to make a larger portion of the market, leading to increased market concentration

— Game of Trades (@GameofTrades_) August 9, 2023

See also Investors in leveraged ETFs are essentially taking loans to gamble on stocks.

See also S&P 500 hit record highs four times this week despite more declining stocks. Since 1928, this is the first time that's ever happened.